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GOOD NEWS 26 MIN AGO
Mortgage Rates Retreat
26 minutes ago by GlobeNewswire
Companies Mentioned: FMCC
Freddie Mac (OTCQB:FMCC) today released the results of its Primary Mortgage Market Survey (PMMS), showing that mortgage rates inched back over the past week and have now declined in three of the past four weeks.
Sam Khater, Freddie Mac's chief economist, says mortgage rates remained mostly tranquil heading into the first week of summer, declining five basis points to 4.57 percent. "After a sharp run-up in the early part of 2018, rates have stabilized over the last three months, with only a modest uptick since March," he said. "However, existing-home sales have hit a wall, declining in six of the last nine months on a year-over-year basis."
Added Khater, "This indicates that persistently low supply levels, and not this year's climb in mortgage rates, are handcuffing sales - especially at the lower end of the market. Home shoppers can't buy inventory that doesn't exist."
News Facts
-- 30-year fixed-rate mortgage (FRM) averaged 4.57 percent with an average 0.5 point for the week ending June 21, 2018, down from last week when it averaged 4.62 percent. A year ago at this time, the 30-year FRM averaged 3.90 percent.
-- 15-year FRM this week averaged 4.04 percent with an average 0.4 point, down from last week when it averaged 4.07 percent. A year ago at this time, the 15-year FRM averaged 3.17 percent.
-- 5-year Treasury-indexed hybrid adjustable-rate mortgage (ARM) averaged 3.83 percent this week with an average 0.3 point (unchanged from last week). A year ago at this time, the 5-year ARM averaged 3.14 percent.
Average commitment rates should be reported along with average fees and points to reflect the total upfront cost of obtaining the mortgage. Visit the following link for the Definitions. Borrowers may still pay closing costs which are not included in the survey.
Freddie Mac makes home possible for millions of families and individuals by providing mortgage capital to lenders. Since our creation by Congress in 1970, we've made housing more accessible and affordable for homebuyers and renters in communities nationwide. We are building a better housing finance system for homebuyers, renters, lenders and taxpayers. Learn more at FreddieMac.com, Twitter @FreddieMac and Freddie Mac's blog FreddieMac.com/blog.
MEDIA CONTACT: Adam DeSanctis
45MIN AGO MORTGAGE RATER EASE UP
47 minutes ago by GlobeNewswire
Companies Mentioned: FMCC
Freddie Mac (OTCQB:FMCC) today released the results of its Primary Mortgage Market Survey (PMMS), showing that after climbing to their highest level in over seven years, mortgage rates fell over the past week.
Sam Khater, Freddie Mac's chief economist, says mortgage rates declined for the first time in four weeks, with the 30-year fixed-rate mortgage falling 10 basis points to 4.56 percent. "The decline was driven by recent trade and geopolitical issues, which led to a sudden decrease in long-term Treasury yields," he said. "Meanwhile, confident American consumers shrugged off the market volatility, as purchase mortgage applications continued to trend higher from a year ago."
Heading into the summer months, Khater anticipates that even as affordability pressures continue to put strain on the budget of some would-be buyers, demand overall should stay strong as long as job growth and the overall economy keep running at healthy levels. This month's forecast - released last week - calls for new and existing sales to increase around 3 percent in 2018.
"Extremely low inventory conditions in most markets are preventing sales from breaking out, while also keeping price growth elevated," said Khater. "Even if rates climb closer to 5 percent, sales have room to grow more, but only if current supply levels start increasing more meaningfully."
News Facts
-- 30-year fixed-rate mortgage (FRM) averaged 4.56 percent with an average 0.4 point for the week ending May 31, 2018, down from last week when it averaged 4.66 percent. A year ago at this time, the 30-year FRM averaged 3.94 percent.
-- 15-year FRM this week averaged 4.06 percent with an average 0.4 point, down from last week when it averaged 4.15 percent. A year ago at this time, the 15-year FRM averaged 3.19 percent.
-- 5-year Treasury-indexed hybrid adjustable-rate mortgage (ARM) averaged 3.80 percent this week with an average 0.3 point, down from last week when it averaged 3.87 percent. A year ago at this time, the 5-year ARM averaged 3.11 percent.
Average commitment rates should be reported along with average fees and points to reflect the total upfront cost of obtaining the mortgage. Visit the following link for the Definitions. Borrowers may still pay closing costs which are not included in the survey.
Freddie Mac makes home possible for millions of families and individuals by providing mortgage capital to lenders. Since our creation by Congress in 1970, we've made housing more accessible and affordable for homebuyers and renters in communities nationwide. We are building a better housing finance system for homebuyers, renters, lenders and taxpayers. Learn more at FreddieMac.com, Twitter @FreddieMac and Freddie Mac's blog FreddieMac.com/blog.
MEDIA CONTACT: Adam DeSanctis
https://finance.yahoo.com/news/fannie-mae-1st-qtr-profit-130248923.html
I hope tomorrow will be a better day!!
Fannie Mae CEO on potential privatization on FOX
THIS MAY MAKE YOU FILL BETTER
https://finance.yahoo.com/quote/FNMA?p=FNMA
MORE FRESH NEWS FMCC
Freddie Mac January 2018 Outlook
25 minutes ago by Marketwire
Companies Mentioned: FMCC
Maintaining Momentum: 2018 and Beyond
MCLEAN, VA--(Marketwired - Jan 18, 2018) - Freddie Mac (OTCQB: FMCC) today released its monthly Outlook for January, which discusses some of the biggest risks to the U.S. economy and housing markets, including declining affordability, obstacles to millennial homeownership, and the possibility of another recession on the horizon.
Outlook Highlights
Home sales (6.35 million), housing construction (1.3 million starts), and house prices (5.7 percent increase) are all expected to be modestly higher in 2018 relative to 2017.
While economic growth will remain positive (expected to be 2.5 percent for 2018, compared to 2.6 percent last year), we don't expect it to be strong enough to generate income gains that keep pace with house prices, resulting in declining affordability that can slow housing market activity.
As of 2016, 15 percent of young adults aged 25-35 were living in their parents' home, which is five percentage points higher than in 2000. With modest income growth, the high cost of living and high student debt, young adults are struggling to move out of their parents' homes and form their own households.
Although a recession does not appear imminent, we will keep an eye on potential recession indicators, including the flattening (and potential inversion) of the U.S. Treasury yield curve and the current rate of unemployment (4.1 percent in December 2017). History has shown that an inverted yield curve and an unemployment rate below the natural rate usually leads to a recession in two-to-three years.
Quote: Attributed to Len Kiefer, Deputy Chief Economist, Freddie Mac.
"Starting off the year, things are looking pretty good for the U.S. economy and housing markets. Mortgage rates are low, economic growth has accelerated in recent quarters, and housing is coming off its best year in a decade. Although housing markets have been improving year-after-year for nearly a decade, there's still room for improvement. We forecast moderating growth in U.S. housing market activity through the next two years.
"However, there are factors worth keeping an eye on in 2018, namely, is another recession on the horizon, how will housing markets respond to declining housing affordability and how will young adults move the housing market?more are living at home with their parents today than in 2000."
Freddie Mac makes home possible for millions of families and individuals by providing mortgage capital to lenders. Since our creation by Congress in 1970, we've made housing more accessible and affordable for homebuyers and renters in communities nationwide. We are building a better housing finance system for homebuyers, renters, lenders and taxpayers. Learn more at FreddieMac.com, Twitter @FreddieMac and Freddie Mac's blog FreddieMac.com/blog.
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new good news FNMA FMCC
Mortgage Bankers to Congress: Housing Finance Reform Must be Next Priority
7 minutes ago by PR Newswire
Companies Mentioned: FNMA
Now that a tax reform bill has been signed into law, leading mortgage bankers around Nevada are urging their Congressional Delegation to prioritize overhauling the housing finance system to ensure America has a stable and robust secondary mortgage market.
"It's time for Congress to stop avoiding housing finance reform," said Jon Gedde, Chairman of the Nevada Mortgage Lenders Association and Senior Loan Advisor at Alderus Mortgage "Fannie Mae and Freddie Mac have been ignored for far too long and their long-term future must be addressed."
During the Financial Crisis of 2008, Fannie Mae and Freddie Mac were placed under government conservatorship - or legal guardianship - because their financial conditions were deteriorating. To keep the two afloat and to prevent the U.S. housing market from collapsing, taxpayers gave them a $187 billion bailout. Fannie and Freddie's conservatorship was only intended to be a temporary solution; yet, nearly a decade later, these government-sponsored enterprises remain under the government's control.
"People, especially millennials, are moving to Nevada in increasing numbers," said Jon Gedde. "This influx is making it even more important for our lawmakers to address the housing market, so these transplants will have an easier time making Nevada their permanent home."
The Mortgage Bankers Association (MBA), the nation's leading advocate for the real estate finance industry, released a comprehensive proposal that would reform the current housing finance system. The plan aims to lessen the government's involvement in the secondary mortgage market, expand access to credit with more competition, promote affordable housing, and support underserved market segments.
"The plan laid out by the MBA is well-balanced and one that lawmakers should consider," said Jon Gedde. "It would provide Nevadans looking to enter the housing market with more options and opportunities. We are hopeful Senators Dean Heller and Catherine Cortez Masto will lead Congress to address the unstable housing finance system once and for all."
https://c212.net/c/img/favicon.png?sn=PH91867&sd=2018-01-18
View original content:http://www.prnewswire.com/news-releases/mortgage-bankers-to-congress-housing-finance-reform-must-be-next-priority-300584636.html
SOURCE Mortgage Bankers Association
NEWS FNMA
Companies Mentioned: FNMA
Fannie Mae (OTC Bulletin Board: FNMA) today announced the formation of an Expert Advisory Panel to support its Sustainable Communities Innovation Challenge (The Challenge). The Challenge, a two year $10 million initiative recently launched the first of its three phase plan and began accepting contract proposals that will focus on developing collaborative, cross-sector approaches to advancing sustainable communities that will help Fannie Mae address the nation's affordable housing issues. Proposals will be evaluated against a predetermined set of criteria set forth in the Request for Proposal (RFP) and will go through multiple rounds of review, including a semi-final review by the Expert Advisory Panel. Fannie Mae will make the final contract decisions.
"Affordable housing is not an isolated issue. It requires a broad set of solutions and dedicated individuals," said Maria Evans, Vice President, Sustainable Communities Partnership and Innovation. "We have brought together a stellar group of experts representing a diverse range of backgrounds and industries. All will bring an important perspective to the panel that will take us one step closer to improve access to affordable, sustainable communities."
The advisory panel is one key element of The Challenge, bringing together experts in economic development, employment, and innovation, and representing the public, private, and nonprofit sectors. The members will provide guidance and impartial reviews by collectively selecting promising proposals that reflect the full scope of issues relevant to addressing the nation's affordable housing issues.
"The efforts to increase economic mobility and provide affordable housing are typically disconnected," said Lucretia Murphy, senior director, Jobs for the Future. "Investing in communities' efforts to develop a comprehensive solution for employment and affordable housing could be a game changer for residents and communities. I look forward to serving on the advisory panel for the Fannie Mae Innovation Challenge."
Sustainable Communities Innovation Challenge Expert Advisory Panel Members for Round 1:
-- Danielle Goonan, Walmart Foundation
-- Carla Javits, REDF
-- Dorothy Kilroy, Airbnb
-- Nicolas Lopez, HCAP Partners
-- Lucretia Murphy, Jobs for the Future
-- Jennifer Roberts, former Mayor of Charlotte, North Carolina
-- Graham Schell, Home Depot USA
-- Alice Shobe, Amazon
Detailed biographies of the Expert Advisory Panel members can be found here.
Additionally, Fannie Mae will host live webinars on January 17 at 1:00 p.m. ET and January 30 at 2:00 p.m. ET for interested applicants. To learn more about The Challenge, including eligibility requirements, proposal submissions, or to register for a webinar, please visit www.fanniemae.com/thechallenge.
Fannie Mae helps make the 30-year fixed-rate mortgage and affordable rental housing possible for millions of Americans. We partner with lenders to create housing opportunities for families across the country. We are driving positive changes in housing finance to make the home buying process easier, while reducing costs and risk. To learn more, visit fanniemae.com and follow us on twitter.com/fanniemae.
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SOURCE Fannie Mae
just out fnma
Show headlines and story abstract
Today
Fannie Mae Announces Advisory Panel Members for Sustainable Communities Innovation Challenge
10 minutes ago by PR Newswire
Companies Mentioned: FNMA
Fannie Mae (OTC Bulletin Board: FNMA) today announced the formation of an Expert Advisory Panel to support its Sustainable Communities Innovation Challenge (The Challenge). The Challenge, a two year $10 million initiative recently launched the first of its three phase plan and began accepting contract proposals that will focus on developing collaborative, cross-sector approaches to advancing sustainable communities that will help Fannie Mae address the nation's affordable housing issues. Proposals will be evaluated against a predetermined set of criteria set forth in the Request for Proposal (RFP) and will go through multiple rounds of review, including a semi-final review by the Expert Advisory Panel. Fannie Mae will make the final contract decisions.
"Affordable housing is not an isolated issue. It requires a broad set of solutions and dedicated individuals," said Maria Evans, Vice President, Sustainable Communities Partnership and Innovation. "We have brought together a stellar group of experts representing a diverse range of backgrounds and industries. All will bring an important perspective to the panel that will take us one step closer to improve access to affordable, sustainable communities."
The advisory panel is one key element of The Challenge, bringing together experts in economic development, employment, and innovation, and representing the public, private, and nonprofit sectors. The members will provide guidance and impartial reviews by collectively selecting promising proposals that reflect the full scope of issues relevant to addressing the nation's affordable housing issues.
"The efforts to increase economic mobility and provide affordable housing are typically disconnected," said Lucretia Murphy, senior director, Jobs for the Future. "Investing in communities' efforts to develop a comprehensive solution for employment and affordable housing could be a game changer for residents and communities. I look forward to serving on the advisory panel for the Fannie Mae Innovation Challenge."
Sustainable Communities Innovation Challenge Expert Advisory Panel Members for Round 1:
-- Danielle Goonan, Walmart Foundation
-- Carla Javits, REDF
-- Dorothy Kilroy, Airbnb
-- Nicolas Lopez, HCAP Partners
-- Lucretia Murphy, Jobs for the Future
-- Jennifer Roberts, former Mayor of Charlotte, North Carolina
-- Graham Schell, Home Depot USA
-- Alice Shobe, Amazon
Detailed biographies of the Expert Advisory Panel members can be found here.
Additionally, Fannie Mae will host live webinars on January 17 at 1:00 p.m. ET and January 30 at 2:00 p.m. ET for interested applicants. To learn more about The Challenge, including eligibility requirements, proposal submissions, or to register for a webinar, please visit www.fanniemae.com/thechallenge.
Fannie Mae helps make the 30-year fixed-rate mortgage and affordable rental housing possible for millions of Americans. We partner with lenders to create housing opportunities for families across the country. We are driving positive changes in housing finance to make the home buying process easier, while reducing costs and risk. To learn more, visit fanniemae.com and follow us on twitter.com/fanniemae.
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SOURCE Fannie Mae
fresh news fmcc
Freddie Mac Forgoes Issuing a Reference Notes Security on its January 16, 2018 Announcement Date
15 minutes ago by Marketwire
Companies Mentioned: FMCC
MCLEAN, VA--(Marketwired - Jan 16, 2018) - Freddie Mac (OTCQB: FMCC) announced today that it will forgo issuing a Reference Notes® security on its Jan. 16, 2018 announcement date. The company's Reference Notes calendar designates dates that it may use to announce the issuance of Reference Notes securities.
This announcement is not an offer to sell any Freddie Mac securities. Offers for any given security are made only through applicable offering circulars and related supplements, which incorporate Freddie Mac's Annual Report on Form 10-K for the year ended December 31, 2016, filed with the Securities and Exchange Commission (SEC) on February 16, 2017; all other reports Freddie Mac filed with the SEC pursuant to Section 13(a) of the Securities Exchange Act of 1934 (Exchange Act) since December 31, 2016, excluding any information "furnished" to the SEC on Form 8-K; and all documents that Freddie Mac files with the SEC pursuant to Sections 13(a), 13(c) or 14 of the Exchange Act, excluding any information "furnished" to the SEC on Form 8-K.
Freddie Mac's press releases sometimes contain forward-looking statements. A description of factors that could cause actual results to differ materially from the expectations expressed in these and other forward-looking statements can be found in the company's Annual Report on Form 10-K for the year ended December 31, 2016, and its reports on Form 10-Q and Form 8-K, filed with the SEC and available on the Investor Relations page of the company's Web site at www.FreddieMac.com/investors and the SEC's website.
Freddie Mac makes home possible for millions of families and individuals by providing mortgage capital to lenders. Since our creation by Congress in 1970, we've made housing more accessible and affordable for homebuyers and renters in communities nationwide. We are building a better housing finance system for homebuyers, renters, lenders and taxpayers. Learn more at FreddieMac.com, Twitter @FreddieMac and Freddie Mac's blog FreddieMac.com/blog.
MEDIA CONTACT: Lisa Gagnon 703-903-3385 INVESTOR CONTACT: Sean Forde 571-382-4090
MARKETWATCH POSThttps://www.marketwatch.com/story/fannie-freddie-will-now-keep-some-capital-reserves-2017-12-21?siteid=yhoof2&yptr=yahoo
MERRY CHRISTMAS AND A HAPPY NEW YEAR FOR YOU ALL!!
THIS WILL MAKE YOU HAPPY https://finance.yahoo.com/quote/FNMA?p=FNMA
TOMORROW WILL BE BETTER
HOPE IT HAPPENS THIS YEAR OR ELSE!
FYI
1 hour ago by Marketwire
Companies Mentioned: FMCC
A Logical Next Step in Mortgage Finance
MCLEAN, VA--(Marketwired - Dec 5, 2017) - Freddie Mac (OTCQB: FMCC) released its Insight for December, which explains how credit risk transfer (CRT) protects taxpayers and Freddie Mac from events like last decade's housing crisis.
Transferring a significant portion of the credit risk on the mortgages Freddie Mac guarantees to a broad spectrum of private investors reduces taxpayer exposure to credit events and lessens the probability that any one firm -- including Freddie Mac -- will suffer a loss large enough to threaten the viability of the firm.
Benefits of CRT:
First, CRT takes taxpayers at least partially off the hook in the event of severe credit losses of the magnitude suffered a decade ago.
Second, the use of CRT brings Freddie Mac into alignment with best practice in the insurance industry, where reinsurance is routinely employed to avoid an excessive concentration of risk.
Third, investors' willingness to purchase CRT securities provides a useful reality check on Freddie Mac's guarantee fee pricing.
Advancements in CRT:
Freddie Mac pioneered this type of single-family credit risk transfer in 2013 when it issued its first STACR® security.
Freddie Mac has already transferred a significant portion of the credit risk on approximately $850 billion of single-family mortgages to more than 230 unique credit investors, a remarkable achievement for a market this young.
Together, Freddie Mac Single-Family and Multifamily CRT activities have transferred a significant portion of credit risk on more than $1 trillion in mortgage loans.
Quote: Attributed to Sean Becketti, Chief Economist, Freddie Mac. "The housing market collapse in the latter half of the decade generated the largest real estate losses since the Great Depression. This Insight explores a hypothetical alternative where Freddie Mac would have transferred a significant portion of credit risk to a wide array of large private investors in the years prior to the collapse. Unfortunately, that didn't happen because there were no credit risk transfer bonds or reinsurance contracts in place -- the mortgage market had not invented that type of risk transfer yet.
"While it's impossible to replay history, the benefits of CRT explain why it is a logical next step in mortgage finance today. And the highly-destructive hurricanes that struck the United States this year are a real-world reminder that risk spreading via reinsurance in some form makes the financial system more resilient even in the face of unthinkably-severe shocks."
Freddie Mac makes home possible for millions of families and individuals by providing mortgage capital to lenders. Since our creation by Congress in 1970, we've made housing more accessible and affordable for homebuyers and renters in communities nationwide. We are building a better housing finance system for homebuyers, renters, lenders and taxpayers. Learn more at FreddieMac.com, Twitter @FreddieMac and Freddie Mac's blog FreddieMac.com/blog.
MEDIA CONTACT: Chad Wandler 703.903.2446 Chad_Wandler@FreddieMac.com
HAPPY THANKSGIVING!
May God Bless You
God Bless The USA!
BRIEF NOVEMBER 2017 FMCC INFO
BRIEF-Freddie Mac now anticipate 6.13 mln home sales for 2017?
1 hour ago by Thomson Reuters
Companies Mentioned: FMCC
Nov 20 (Reuters) - Federal Home Loan Mortgage Corp :
* Freddie Mac November 2017 outlook
* Now anticipate 1.2 million housing starts and 6.13 million home sales for 2017?
* We also expect starts and sales to increase in 2018 and 2019?
* "?A lack of available for-sale inventory is helping to contribute to an acceleration in home prices"? Source text for Eikon: Further company coverage:
2017 NOVEMBER FMCC NEWS
1 hour ago by Marketwire
Companies Mentioned: FMCC
Recap of 2017: The Best Year in a Decade
MCLEAN, VA--(Marketwired - Nov 20, 2017) - Freddie Mac (OTCQB: FMCC) today released its monthly Outlook for November, which analyzes the factors that have the housing markets on track for their best year in a decade by a variety of measures.
Outlook Highlights
Modest economic growth, robust job gains, and low interest rates make for a favorable economic environment for housing and mortgage markets. But despite the favorable environment, housing markets have stalled a bit through summer and into fall. A lack of available for-sale inventory is helping to contribute to an acceleration in home prices.
The lack of inventory has been a storyline throughout the summer and fall after a good start to the year. We now anticipate 1.2 million housing starts and 6.13 million home sales for 2017. Despite the disappointing latter half of the year, both numbers are still on track for the best year in a decade. We also expect starts and sales to increase in 2018 and 2019 -- thanks to housing construction gradually picking up and helping to supply more homes to inventory-starved markets.
Strong demand, low mortgage rates and a lack of for-sale inventory has contributed to accelerating house prices. Nationally, home prices increased at a 6.4 percent annualized rate over the quarter ending September 2017.
Quote: Attributed to Sean Becketti, Chief Economist, Freddie Mac.
"It's unlikely the economic environment will be much more favorable for housing and mortgage markets in 2018 and 2019. We forecast that interest rates will remain low by historical standards, but gradually creep higher over the next two years. We also forecast that housing construction will gradually pick up, helping to supply more homes to inventory-starved markets. More housing supply and modestly higher rates will lead to a moderation in house price growth. Refinance activity will drop to very low levels and the mortgage market will be dominated by purchase activity."
Freddie Mac makes home possible for millions of families and individuals by providing mortgage capital to lenders. Since our creation by Congress in 1970, we've made housing more accessible and affordable for homebuyers and renters in communities nationwide. We are building a better housing finance system for homebuyers, renters, lenders and taxpayers. Learn more at FreddieMac.com, Twitter @FreddieMac and Freddie Mac's blog FreddieMac.com/blog.
MEDIA CONTACT: Chad Wandler 703-903-2446 Chad_Wandler@FreddieMac.com
NEWS FNMA
Fannie Mae Finances Record Volume of Nearly $4 Billion in Multifamily Seniors Housing through Third Quarter of 2017
39 minutes ago by PR Newswire
Companies Mentioned: FNMA
Fannie Mae (OTC Bulletin Board: FNMA) provided nearly $4 billion in financing to support the Seniors Housing market through the third quarter of 2017 - the highest volume in the history of its Delegated Underwriting and Servicing (DUS(R)) program. The unique DUS risk-sharing platform has provided pricing transparency and risk alignment to borrowers, lenders, and investors for nearly 30 years.
"Fannie Mae is committed to Seniors Housing which serves a critical need for our country's aging population," said Roosevelt Davis, Director of Multifamily Seniors Housing, Fannie Mae. "Because these transactions are complex, we work closely with our approved DUS lenders who are experienced in financing Seniors Housing, and we target our financing to strong sponsors and operators in this market sector."
Fannie Mae's leadership in the Seniors Housing market spans more than two decades and has long been recognized in the multifamily industry, with a book of business of $13.4 billion through the third quarter of 2017. The company finances Senior Housing properties across the spectrum of acuity - Independent Living, Assisted Living, Alzheimer's/ Dementia Care, or any combination of the three. Fannie Mae also finances Continuing Care Retirement Communities and some facilities with Skilled Nursing.
"For the last decade, Fannie Mae has worked side by side with Capital Senior Living to help us achieve our strategic goals," said Larry Cohen, Chief Executive Officer, Capital Senior Living. "The outstanding team at Fannie Mae has in-depth knowledge of the seniors housing industry, a track record of reliable execution and goes above and beyond to address our needs whether through acquisition financing, portfolio refinancing or supplemental loans."
Fannie Mae's significant increase in Seniors Housing business in 2017 is attributed primarily to the company's unique Credit Facility product. "Our Credit Facilities are flexible, powerful financing tools that allow borrowers to manage debt across their Seniors Housing Portfolios," said Phyllis Klein, Multifamily Vice President for Production, Fannie Mae. "Borrowers value the ability to combine variable- and fixed-rate debt, and to buy and sell assets on their schedule through our Credit Facilities."
For additional information on Fannie Mae's Seniors Housing business, please visit www.fanniemae.com/multifamily.
Fannie Mae helps make the 30-year fixed-rate mortgage and affordable rental housing possible for millions of Americans. We partner with lenders to create housing opportunities for families across the country. We are driving positive changes in housing finance to make the home buying process easier, while reducing costs and risk. To learn more, visit fanniemae.com and follow us on twitter.com/fanniemae.
View original content:http://www.prnewswire.com/news-releases/fannie-mae-finances-record-volume-of-nearly-4-billion-in-multifamily-seniors-housing-through-third-quarter-of-2017-300550933.html
SOURCE Fannie Mae
F&F TODAY'S NEWS
Fannie Mae Announces Scheduled Release of Third Quarter 2017 Financial Results
20 minutes ago by PR Newswire
Companies Mentioned: FNMA
Fannie Mae (OTC Bulletin Board: FNMA) today announced plans to report its third quarter 2017 financial results on Thursday morning, November 2, 2017, before the opening of U.S. financial markets.
Fannie Mae will host a conference call for the media to discuss the company's results at 8:00 a.m., ET, on November 2, 2017. The conference call will be concurrently webcast. The live audio webcast of the earnings release call will be available at http://event.on24.com/wcc/r/1530540-1/C3A0E6E91D09F6B41812453CFA50E99E, and the company's third quarter 2017 earnings news release, quarterly report on Form 10-Q, and other supplemental information will be available on the company's Quarterly & Annual Results webpage at fanniemae.com/financialresults. A transcript of the call also will be made available on the page.
WEBCAST DETAILS - Fannie Mae Third Quarter 2017 Financial Results
Please click on the link below to access the Webcast registration page. It is recommended that you test the connection to the Webcast prior to joining the event.
URL: http://event.on24.com/wcc/r/1530540-1/C3A0E6E91D09F6B41812453CFA50E99E
Fannie Mae helps make the 30-year fixed-rate mortgage and affordable rental housing possible for millions of Americans. We partner with lenders to create housing opportunities for families across the country. We are driving positive changes in housing finance to make the home buying process easier, while reducing costs and risk. To learn more, visit fanniemae.com and follow us on twitter.com/fanniemae.
View original content:http://www.prnewswire.com/news-releases/fannie-mae-announces-scheduled-release-of-third-quarter-2017-financial-results-300545586.html
SOURCE Fannie Mae
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13 hours ago by PR Newswire
Companies Mentioned: FNMA
Leading mortgage bankers from Nevada traveled to Denver this week to participate in the 2017 Mortgage Bankers Association (MBA) Annual Convention and Expo where attendees and guest speakers, including the Department of Housing and Urban Development (HUD) Secretary Ben Carson and Director of Federal Housing Finance Agency (FHFA) Mel Watt, discussed housing finance reform.
"The housing finance system could become unsustainable unless protections are locked into place by Congress," said Jon Gedde, Chairman of the Nevada Mortgage Lenders Association and Senior Mortgage Advisor at Alderus Mortgage. "Fannie Mae and Freddie Mac have been left in conservatorship for far too long and we must address their future by providing certainty."
Attendees of the convention participated in informational meetings and networking opportunities and heard from various real estate finance industry experts. This included sessions specifically related to the future of Fannie Mae and Freddie Mac as well as the overall secondary mortgage market.
"With a temporary band aid left on our housing finance system from the 2008 financial crisis, many Nevadans could be at risk unless action is taken," said Gedde. "We need smart reforms that will ensure affordable housing and competition in the market place."
MBA has laid out a proposal to overhaul the current housing finance system, which remains the last piece of unfinished business from the 2008 financial crisis. The plan aims to expand access to credit, promote affordable housing, and support underserved market segments.
"Democrats and Republicans in Congress and the Trump Administration have all deemed housing finance reform a top priority," said Gedde. "Hopefully they will be motivated to find a bipartisan solution in the not too distant future."
View original content:http://www.prnewswire.com/news-releases/nevada-mortgage-bankers-underscore-need-for-housing-finance-reform-300544665.html
MORE F&F NEWS
Companies Mentioned: FNMA
Leading mortgage bankers from Georgia traveled to Denver this week to participate in the 2017 Mortgage Bankers Association (MBA) Annual Convention and Expo where attendees and guest speakers, including Department of Housing and Urban Development (HUD) Secretary Ben Carson and Director of Federal Housing Finance Agency (FHFA) Mel Watt, discussed housing finance reform.
"After nearly 10 years in conservatorship it is imperative that Congress take action to lock in reforms to Fannie Mae and Freddie Mac, which will protect taxpayers," said Fowler Williams, MBA State Ambassador and President and CEO of Crescent Mortgage Company.
Attendees of the convention participated in informational meetings and networking opportunities and heard from various real estate finance industry experts. This included sessions specifically related to the future of Fannie Mae and Freddie Mac as well as the overall secondary mortgage market.
"Owning a home is part of the American Dream, but that dream could become a distant thought for many Georgians," said Williams. "The tools to fix Fannie and Freddie are at the disposal of our federal government. The question is - will they act before it's too late?"
MBA has laid out a proposal to overhaul the current housing finance system, which remains the last piece of unfinished business from the 2008 financial crisis. The MBA plan aims to promote access to credit, protect taxpayers, and support underserved market segments.
"While many issues do not garner bipartisan support in Washington, D.C., the need for housing finance reform transcends political party lines. That is why I urge my Congressional Delegation to find common sense solutions that protect taxpayers and drive competition throughout the market as soon as possible," Williams concluded.
View original content:http://www.prnewswire.com/news-releases/georgia-mortgage-bankers-underscore-need-for-housing-finance-reform-300544266.html
SOURCE Mortgage Bankers Association
F&F NEWS
Massachusetts Mortgage Bankers Underscore Need for Housing Finance Reform
2 minutes ago by PR Newswire
Companies Mentioned: FNMA
Leading mortgage bankers from Massachusetts traveled to Denver this week to participate in the 2017 Mortgage Bankers Association (MBA) Annual Convention and Expo where attendees and guest speakers, including Department of Housing and Urban Development (HUD) Secretary Ben Carson and Director of Federal Housing Finance Agency (FHFA) Mel Watt, discussed housing finance reform.
Leading mortgage bankers from Massachusetts traveled to Denver this week to participate in the 2017 Mortgage Bankers Association (MBA) Annual Convention and Expo where attendees and guest speakers, including Department of Housing and Urban Development (HUD) Secretary Ben Carson and Director of Federal Housing Finance Agency (FHFA) Mel Watt, discussed housing finance reform.
"The need for housing finance reform grows more urgent each day," said Phil DeFronzo, President of Norcom Mortgage. "Affordable housing concerns are real and Congress must lock in the reforms made to Fannie Mae and Freddie Mac, which will protect the citizens of Massachusetts."
According to Make Room USA's analysis of the 2015 American Community Survey (ACS), 25 percent of Massachusetts' renter population (248,000 households) spends more than half their income on rent, ranking 16th nationwide. This includes, 74,212 families with children, 54,039 senior households, 44,188 households with at least one disabled adult, and 14,124 veteran households.
"Hearing Secretary Carson and Director Watt reiterate our concerns exemplifies that this is a problem across the country," said DeFronzo. "Massachusetts, in particular, is suffering from an exorbitantly high cost of living. People can't buy homes and they're not able to afford rental prices."
MBA has laid out a proposal to overhaul the current housing finance system, which remains the last piece of unfinished business from the 2008 financial crisis. The plan aims to expand access to credit, promote affordable housing, and support underserved market segments.
"There is no shortage of support for housing finance reform among our representatives," DeFronzo said. "The Trump Administration and Congress both agree that something needs to be done to ensure our housing market remains robust. Hopefully, Congress will work with the Administration to find a bipartisan solution."
View original content:http://www.prnewswire.com/news-releases/massachusetts-mortgage-bankers-underscore-need-for-housing-finance-reform-300544254.html
SOURCE Mortgage Bankers Association
FMCC NEWS
2017-10-18T17:30:38Z Email
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Freddie Mac Further Expands CRT Program With STACR SPI
New CRT Offering Builds on Flagship STACR Program
MCLEAN, VA -- (Marketwired) -- 10/18/17 -- Freddie Mac (OTCQB: FMCC)
today announced a further expansion of its single-family credit risk
transfer (CRT) program with a $50 million Freddie Mac Structured
Agency Credit Risk - Securitized Participation Interests (STACR
SPI(SM)) transaction, a new offering that builds on the company's
flagship STACR program for investors who prefer a securitization
backed by mortgage-related assets.
Under STACR SPI, a securitization trust will issue unguaranteed
certificates backed by participation interests in a specified
percentage of mortgage loans; the remaining percentage in each
mortgage loan will be evidenced by a participation interest that will
be used as collateral for Gold PCs -- thereby leveraging the
liquidity and efficiency of that market. A REMIC election will be
made with respect to the STACR SPI Trust.
"Through innovation in CRT, Freddie Mac continues to improve how the
U.S. residential housing market is funded," said Mike Reynolds, vice
president of credit risk transfer. "STACR SPI is another offering in
our CRT toolbox to help shift risk away from taxpayers and give more
options to investors who prefer a securitization backed by
mortgage-related assets. We're excited to bring this unique CRT
structure to the market."
The STACR 2017-SPI1 securities are backed by participation interests
in 25- to 30-year fixed-rate mortgage loans with an aggregate
principal balance of approximately $1.25 billion. The $50 million in
STACR SPI securities are distributed across three classes of
certificates; Freddie Mac will initially retain a five percent
interest in each of three classes, maintaining alignment of interests
with credit investors.
BofA Merrill Lynch is lead manager and bookrunner.
Freddie Mac has led the market in introducing new credit risk-sharing
offerings with Structured Agency Credit Risk (STACR(R)) DNA and HQA
programs, Agency Credit Insurance Structure (ACIS(R)) and Whole Loan
Securities (WLS(SM)). The company has since grown its investor base
to more than 220 unique investors, including insurers and reinsurers.
Since 2013, the company has transferred a significant portion of
credit risk on approximately $851 billion of UPB on single-family
mortgages.
This announcement is not an offer to sell any Freddie Mac securities.
Offers for any given security are made only through applicable
offering circulars and related supplements, which incorporate Freddie
Mac's Annual Report on Form 10-K for the year ended December 31,
2016, filed with the Securities and Exchange Commission (SEC) on
February 16, 2017; all other reports Freddie Mac filed with the SEC
pursuant to Section 13(a) of the Securities Exchange Act of 1934
(Exchange Act) since December 31, 2016, excluding any information
"furnished" to the SEC on Form 8-K; and all documents that Freddie
Mac files with the SEC pursuant to Sections 13(a), 13(c) or 14 of the
Exchange Act, excluding any information "furnished" to the SEC on
Form 8-K.
Freddie Mac's press releases sometimes contain forward-looking
statements. A description of factors that could cause actual results
to differ materially from the expectations expressed in these and
other forward-looking statements can be found in the company's Annual
Report on Form 10-K for the year ended December 31, 2016, and its
reports on Form 10-Q and Form 8-K, filed with the SEC and available
on the Investor Relations page of the company's Web site at
www.FreddieMac.com/investors and the SEC's website.
Freddie Mac makes home possible for millions of families and
individuals by providing mortgage capital to lenders. Since our
creation by Congress in 1970, we've made housing more accessible and
affordable for homebuyers and renters in communities nationwide. We
are building a better housing finance system for homebuyers, renters,
lenders and taxpayers. Learn more at FreddieMac.com, Twitter
@FreddieMac and Freddie Mac's blog FreddieMac.com/blog.
MEDIA CONTACT:
Lisa Gagnon
703-903-3385
Lisa_Gagnon@FreddieMac.com
INVESTOR CONTACT:
Mike Reynolds
571-382-4852
NAVY READ MY PREVIOUS POST. HE DID IT YESTERDAY
F&F TALKING ACKMAN YESTERDAY IN DALLAS https://www.forbes.com/sites/gurufocus/2017/10/04/ackman-pitches-adp-herbalife-fannie-mae-at-dallas-investor-conference/#19d05f63272e
NAVY THIS IS WHAT I DID FRIDAY. GOT MORE SHARES. MADE MORE MONEY.
THANK YOU FOR YOUR THOUGHTS.
FOR ME THE ONLY WAY I COULD MAKE MONEY ON F&F WAS "BUY LOW SELL HIGH"
FOR F&F JUST BUYING SHARES AND WAIT FOR THE STOCK VALUE TO GO UP IS NOT THAT EFFICIENT IN MY OPINION. HOPE FOR A GOOD DAY TOMORROW!!!
YOU ARE RIGHT. USED TO WORK IN U.S.A. AND I LOVE YOUR COUNTRY.
ABOUT EXCHANGE RATE I WAIT FOR .45 IT WILL HAPPEN AGAIN SOMETIME.
GOD BLESS YOUR GREAT COUNTRY!!!!
JUST A THOUGHT
I DID SELL ALL MY F&F SHARES YESTERDAY. EARLY TODAY I REALIZED THAT IT WILL BE A GOOD DAY FOR INVESTORS. GOT BACK IN, THEN SOLD AT THE RIGHT TIME. MADE $$$ FOR MY FAMILY. I CALL THIS BEING SMART. IF ANYBODY CAN CALL IT A DIFFERENT WORD THAT IS YOUR PROBLEM. ENJOY YOUR DAY, BE HAPPY, LIVE LONG AND PROSPEROUS.